Monthly Archives: October 2018

The transportation of passengers by Baku-Tbilisi-Kars (BTK) railway is planned to begin in 3Q2019, the Azerbaijan Railways CJSC said in a statement. The company stated that, to this end, the new railcars of the Swiss Stadler company will be delivered in Azerbaijan in 1Q2019. “The delivery of 10 new railcars …

Sakaeronavigatsia plans to buy a new helicopter at 2.5 million EUR. The company asks for admitting simplified procurement procedures. The substantiation, that the company has submitted to the Procurement Agency, reads that additional helicopter is required to ensure operative service of navigation systems. Because of complicated landscape of Georgia, one …

Colliers International Georgia offers new investment products – investment in rented real estate. People interested in investing in the income generating property will have the opportunity to invest in a commercial or long-term lease contract on premium locations. Today, investing in real estate, particularly in offices and commercial spaces, is …

On December 3, 2018 Rustaveli Theatre will host the most remarkable event of the Tourism and Hospitality industry of Georgia – the Fourth Official Ceremony of the Welcome to Georgia! National Tourism Awards. On the Awards Ceremony winners and finalists of 20 different nominations, out of more than 350 nominees …

TBC Bank has bought assets and liabilities of BONACO MFO. According to the Ntional Bank of Georgia (NBG), the portfolio was purchased via the auction held on October 29. After the signing of the relevant agreement, JSC TBC Bank will provide uninterrupted service of creditors and debtors of microfinance organization …

According to the preliminary assessment, Georgia’s economic growth in September 2018, compared to the same period of 2017, equals to 5.6%, while the average economic growth in January-September 2018 is 4.9%. According to Ekaterine Mikabadze, the Deputy Minister of Economy and Sustainable Development, significant growth was recorded in the field …

An International Monetary Fund (IMF) team led by Ms. Mercedes Vera Martin visited Tbilisi during October 17-29 to discuss the third review under the Extended Fund Facility (EFF). The program aims to support Georgia’s ambitious reform agenda to generate higher and more inclusive growth and to reduce economic and financial …

New regulations proposed by the National Bank of Georgia (NBG) will not take effect on November 1, the NBG officials told BM.GE. At this stage, the central bank is discussing technical details to determine the new date for enforcing the new instructions on retail crediting. At the same time, the …

The second round of elections will be held on December 2, – Chairwoman of the Central Election Commission Tamar Zhvania said at the briefing today. According to Zhvania, the final results of the elections will be published within 20 days, after which the second round will be held in 2 …

Turkish president Recep Tayyip Erdogan is opening what he claims will eventually become the world’s largest airport on the 95th anniversary of Turkey’s establishment as a republic. Tens of thousands of workers have been scrambling to finish the airport to meet Mr Erdogan’s 29 October deadline. However, its launch on Monday is symbolic with only limited flights beginning days later …

THE DRAFT LAW OF 2019 STATE BUDGET IS UNDER The Government of Georgia submitted to the Parliament the preliminary version of the draft law on 2019 state budget of Georgia. The budget project is planned in accordance to basic scenario of 4.5% real GDP growth. Receipts in the 2019 state …